Are you thinking about purchasing your first home? If so, congratulations! Homeownership is a wonderful experience, and the road to buying your first house is an exciting one. It’s likely different from any purchase you’ve made in the past, so it’s important to be prepared for the unique process. Below are my top four pieces…
Categorized: Home Loans
As the housing market starts improving the supply and demand will shift towards seller’s market. This means multiple offers on a same property and the chances of your offer getting accepted may not be as great as it used to be in the buyer’s market. Here at USA Mortgage we strive to not only provide…
Have you recently decided that the time is right to buy your first home? With Spring weather upon us, the market is starting to become active and many great homes are beginning to be listed for sale. The process of buying your first home can be a very exciting time. It’s truly a fresh start in a…
What is preventing you from getting that dream home you’ve been watching for the past month? Is your credit score low? Do you not have a down payment? A USDA loan may be the difference you’ve been needing. What is a USDA Rural Housing Loan? USDA loans are guaranteed by the Rural Development Wing of…
If you are a first-time homebuyer with limited amounts of funds to put towards your purchase, or if you have had credit problems in the past, you may find that an FHA loan gives you the freedom and flexibility you need to get into a house and start making it a home for your family. If…
Consider The Benefits USDA loans are backed through the Rural Housing Division of the U.S. Dept. of Agriculture. They are available to millions of eligible primary home buyers with low to moderate incomes or scarce funds for down payments. Features, benefits, and things you need to know: Zero Down – No down payment is required…
Still Working When Others Might Not! The FHA Loan program continues to evolve, and total mortgage insurance costs have risen. While the increase makes these loans less advantageous than in the past, they are still a good option if your needs and situation preclude you from qualifying for a conventional loan. Here are a few…
Before making an offer on your first home, make sure to complete these four steps. 1. Know how much you can afford and how much cash you will need: Knowing what you qualify for before searching for any homes will save you time and disappointment that can come from falling in love with a home…
There are many different factors to consider when choosing the best loan program option. That is where the skills and knowledge of your loan officer will play a significant role in your decision. One of those choices is the option between FHA Home loans vs Conventional loans. Here are some pros and cons of these…
There are 3 main types of home loans that you are getting, today we’re going to be discussing what a USDA home loan is and why it’s been a great option for homebuyers looking outside of the city limits and smaller towns. USDA loans offer a $0 down payment for qualifying buyers who are looking…
MHDC which stands for Missouri Housing Development Commission, has made some modifications to all loans reserved on March 2, 2015. MHDC has been a great option for first-time homebuyers for down-payment assistance and helps with some of the closing costs. Prior to the new changes, the MHDC down-payment assistance program was offering 3.5% as CAL…
MHDC which is also known as Missouri Housing Development Commission, is a first-time homebuyer program, which is offered by the states. MHDC is a form of the FHA loan that does allow down-payment assistance. When considering a new home, you should go by these guidelines: Contacting a loan officer before house shopping should be your…
One of my favorite home financing options is the VA home loan. With the $0 down payment option, and no Mortgage Insurance (MI), they are superior to any other loan out there for the majority of buyers’ situations. VA loans do offer very competitive interest rates as well, and USA Mortgage has a lot of…
